News Highlights: Top Company News of the Day

Nestlé announced plans to launch a $20.8 billion share buyback, focus its capital spending on categories like coffee and pet care, and look for consumer health care acquisitions, a move that comes after it found itself the target of activist investor Third Point.

Dow Investor Calls for Changes in Post-DuPont Merger Breakup

Glenview Capital Management recently met with leaders of DuPont and Dow Chemical and pushed for changes in a plan to break the combined group into three parts, according to a letter the hedge fund sent to its investors late Tuesday.

American Airlines to Test 3-D Bag Screening Equipment

American Airlines Group Inc. is testing new machines that map the contents of hand luggage more accurately, aiming to address heightened concerns over explosive devices that could be carried onto a plane.

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Toshiba Sues Western Digital in Bid to Keep Sale of Chip Unit Alive

Toshiba is racing to bring in $20 billion from the sale of its stake in Toshiba Memory.

iPhone Anniversary Edition Gives Analysts Pre-Party Jitters

Apple Inc.'s plans to celebrate 10 years of the iPhone with three phones instead of two and new features like wireless charging and facial-recognition tech raise a question: What could possibly go wrong?

How Buffett's Bank of America Bet Changes With the Fed Stress Test

Warren Buffett's Berkshire Hathaway may become the biggest shareholder in Bank of America, if the country's second-largest bank gets the expected stress-test result Wednesday.

Takata Bankruptcy Doesn't End Auto Industry's Pain

One of the world's largest air-bag makers, Takata Corp., has finally filed for bankruptcy after a drawn-out scandal involving faulty products that caused multiple deaths. The question now is how much wind this will take out of its big-auto-maker customers.

U.S. Tech Firms Feel the Heat in Europe

From Google to Apple, top American tech companies have been on the receiving end of tough EU decisions in recent years. Experts and regulators say it isn't about bias, it's because they're dominant in industry.

Google Slapped With $2.7 Billion EU Fine Over Search Results

The European Union's antitrust regulator fined Alphabet's Google a record $2.71 billion for favoring its own comparison-shopping service in search results.

J.P. Morgan Finds the Newest Banking Fad: Dark Corners

J.P. Morgan Chase and General Electric are announcing Wednesday that the industrial giant will help install new energy management and digital technologies for about 4,500 branches at the nation's largest bank.